As the leader in long-term storage, ReproTech is offering the latest innovation in cryostorage planning. Fertility Preservation Trust is personalized to reflect your unique maintenance and disposition wishes today and allows you to amend your trust in the future to adapt to changing life circumstances. By establishing a special trust for your frozen embryos, eggs, sperm, or reproductive tissue, you gain flexibility, control, and protection for the future. To schedule a complimentary consultation to discuss how a Fertility Preservation Trust may benefit you, visit www.trustfertility.com or email Ashley Pittman at firstname.lastname@example.org.
No. This is a revocable trust. The client (or if co-creators such as couple storing embryos, both clients) remains in control of the trust, as Trustee, while the client is living and competent to be Trustee (if Co-Trustees, the survivor will generally serve after the death of the other Trustee). Once the client dies, if the trust continues, it becomes irrevocable. This ensures the Successor Trustee can only carry out the terms of the trust as written, and not amend at will or misappropriate the funds which are intended for storage fees.
No, this is a private trust, and while there are no liquid assets in the trust (generally during the life of the client), the trust contains no income-producing property. No Federal Taxpayer Identification Number is required and no tax return is due unless the trust produces income.
The trust only addresses terms of storage and specific disposition wishes (to whom, under what circumstances, etc.) By the terms of the trust, ReproTech retains complete control over storage and release protocol, fees, collection of fees and consequences of nonpayment, etc. The client will authorize the firm of Ashley Pittman (the director of the Trust) to share the trust for ReproTech files, or will personally remain responsible for sharing the trust with ReproTech. Ms. Pittman’s firm will ask for authorization to share (technically it’s privileged) when the client establishes the trust, but the acting Trustee will always have the authority to share so that ReproTech can rely on those provisions when it becomes necessary. In short, if a ReproTech client has established a trust, it should be “business as usual” for ReproTech, and the trust would only need consideration when confirming disposition wishes.